This is great for the first time home buyer! Live in one unit and let your neighbor help pay your mortgage! Separate basements, like living in a single family home! Nice sunporch, two car garage! fenced back yard. Both units are occupied. 4938 on lease through 7/31/2024 at $850/mo. 4938A, long time tenant, on lease through 4/30/2024 at $610/mo. If both units were rented at current market rate of $850/mo, would produce gross income of $20,400, with last 12 months expenses of $7438, would produce net income of $12,962, or a gross CAP rate of 9.3%.
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